 鲜花( 0)  鸡蛋( 0)
|
--------------------------------------------------------------------------------: ]: P9 {, u! z: ]% s A) X
Below is an Interesting article I found, which says that.....Do not ; Z0 F/ }4 J$ H% N, d
expect much from Crude Oil producers and future is not with the 0 e2 ?; ]4 T, e: ?$ f
companies producing Jet fuels but Biofuels. Also no wonder if some of 5 f1 M/ [- e0 O( W) L
these oil producer will go bankrupt or out of the business even if 6 A# j8 R2 d, B: f% E
crude prices improves. This implies also to good names such as Shell,
' n) ^) m5 w3 ^+ [7 B! dEXXON, BG, BP, Cheveron ....xyz.. oils
0 N, C1 }8 d. v. X( q/ Q/ K' z8 j, o1 |/ j* _
Recently OPEC reduced crude oil production twice over just a few 8 m& m$ i; G6 ^( ~+ p o
months. There are three wars going on in Gaza, Iraq and Afghandistan. 0 W! I/ R! W( i! w% W) g$ ~
A year ago these things would have spiked the price of crude oil by at J& E2 U; r9 T0 L9 B: T
least $50.00 per barrel. Today, oil price declined by a record amount.
5 B6 T9 k' V9 a' p6 X; C0 L: S F8 A, [8 \8 @' f
+ w2 D9 Q$ H/ j: R PThere are several reasons the price of oil is decreasing in the face ' x+ N0 C; d$ |$ H+ k
of so much news. These reasons are: : M- ], E: G D
x6 X- \% I: ~* e9 Y9 g# O1 E, |
1. New oil has been found in Canada, Montana, North & South Dakota and
. F* L& _0 Z+ Win the ocean near Brazil. Each of these oil fields has more oil than
) h, B* D( _3 x0 N6 WArabia.
4 \) x1 m8 ^2 L8 ]5 n. p: k" v" S" H* M
$ g! r" n* R2 z2. New natural gas has been found in Pennsylvania and West Virginia. - L5 Z3 r3 R6 t' P6 ?
This is the largest find in North America.
! d; @* Y+ h, r/ F9 ~. {" j+ B0 k3 j. d
# J5 Z( T: {$ Z$ ?: t3. New methods of injecting CO2 and surfactants into oil wells is
/ Y8 W, y$ Z ]7 t' Obeing used to double their output.
# I& ]1 {9 [. A% @/ ?
) {; S& _, N8 J! x4 T
f, U) L: Y! v$ K; ?5 x" l1 v4 ~4. Production of bio-fuels is beginning to reach critical mass. Bio ! C) ` A, ^; Z1 b1 k4 W
fuel is being produced from many plants and algae. The production
! I2 O7 z1 G( l) @potential per acre in some cases is astounding. Many countries are
# T; Q: [# d1 W+ Q1 `* @) v8 Y T% I5 fracing to produce bio fuels.
, ]6 Q# L2 T8 Y8 k& J% q6 ]2 Z& a3 V4 }7 Z1 b3 F
. t, r. \7 u8 v1 O4 I1 H3 c6 ~$ v
5. Virtually every restaurant in the US and all food processing plants
# P; z' c7 O$ hare now selling their used oil to bio-diesel producers. Every pork, Y0 R# ^2 j/ v. w
cattle, turkey and chicken processing plant will soon sell their fat
7 D: U s9 |9 j. b7 E3 ato bio-diesel producers. One pork processing plant in Oklahoma is , N" f; C$ Q' y: i. z) ^1 f3 Y
producing 30,000 gallons of bio-diesel per day from pork fat. : C! X. g6 Z8 J# \
- S( m. y* H; k0 _, p8 _* \7 u7 K& U* g1 Y9 ^
6. There are 99 nuclear reactors in various stages of planning and * h8 p6 F& L$ U/ \! h
construction around the world at this time. Several hundred more are
# V' h, U9 s8 M/ f8 ~( E* f* Sexpected to be built in the future. Much of the energy they produce
, e+ G2 K5 K: {, P* Swill replace oil.
) z) a; I# d$ U. p9 b+ y8 m: w8 G! b' v* Y' ~9 g
5 R) m4 i6 s+ D( B" g" {& S1 ]7. Every company in any form of transportaion business is replacing
. Q1 s2 T2 l" uolder equipment such as trucks, airplanes, train engines, ships, etc.
2 ?, O. f( F( }7 c' m/ [! r' ?with new more fuel efficient equipment. Airlines and railway companies ) v: I$ b6 e z3 p1 P
are experiencing 20% to 25% better fuel econony with the new ' X+ D" R& J" O3 }- h! m5 Y1 J
equipment. # `8 F2 e5 M( N! i" }
. }% @. a5 `0 N8 ^' {9 m$ M5 P4 m& r# {2 Z2 [% x$ |# l
Airlines are flying airplanes with bio-fuel. They are finding the bio- ! N; q0 k, q" S/ R/ P0 H) Y7 C- y
fuel is cleaner and performs better than jet fuel. 8 m K0 w5 v- ^7 a
. j$ m. W. W B" q0 w- i* X
8 P6 W% C" v8 h1 O' D6 X( r
8. Cities and counties throughout the US are selling the rights to
7 y/ i' d1 k3 |) f# Vcapture methane gas from landfills. This is a huge source of gas
# U, P6 V& t5 r( J( z& z6 _available at very little cost or risk. The gas is displacing crude 1 J2 i$ P" O: C c
oil. ( X; V% X6 u0 j4 l4 y, |3 m
' X1 i; V5 Q, g' D6 K5 z
0 s, _5 T. ~3 O! l" J, L
9. Coal is being transformed into a clean burning liquid fuel. The CO2 . O# i) J1 D' x3 |" u
produced as a byproduct is sold to oil companies for injection into
0 l+ _' S) M4 g! Voil wells. 2 q/ }- ~, W5 g) M
; t7 S8 P) q3 Y/ B5 ]/ z
3 x) A3 V8 M2 W- ^4 o2 f10. Solar, wind and ocean energy is displacing oil as an energy ; ]* c. u" u1 j6 `" c7 Q
source. Three new wind turbines are being erected every day in the US. " N; e* A: h; z- G
- |+ E* L1 J; L, s I* R r7 p( n% b" V) d4 d
Each of the above by itself will not make a large difference in the
; g0 Q# O0 Q3 i3 i* o0 U, iprice of crude oil but the sum of all of them together is world
( X. q( z4 a4 \5 \$ @; A2 Ochanging. The important thing is that OPEC no longer has the ability
1 C# q" u3 Q/ U. `/ ~4 `to control oil prices.
8 s7 e" z! O0 E7 _% E
) E) r* q3 l6 `( _
) q0 G& `( r c6 ]: E# \) ^With the above scenario, I still believe that there are under
/ c6 V; [/ Y- }8 O6 J9 E& Eperformed OIL companies and probably they are yet to get the justified 8 y$ W. }7 o: c; j$ x% t, x% i
value .....
/ G/ i8 w. H% a3 c: J, T( nIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... $ F) S: D; m( x! V
3 Z6 P8 N. P4 H) {
! Z& p+ P; c# q/ i8 b
The above articles are from WSJ .............PUBLISHED ON 9TH JAN + N) Q# |4 v; d/ N, g6 V
2009 ... FYI-Only |
|
狗仔卡
发表于 2009-1-13 18:58
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡